BMO Financial Group Senior Analyst, Counterparty Credit Risk Production in Toronto, Ontario
250 Yonge Street
Job Family Group:
Data Analytics & Reporting
Analyze methodologies used for quantifying derivative counterparty credit risks in trading and underwriting portfolios. Develop improvements or extend applications to new products or markets using advanced analytic algorithms and technologies such that the accuracy and reliability of risk measures enables smarter business decisions, improved customer experience, and drives productivity. Applies strong communication and story-telling skills to summarize statistical/algorithmic findings, draw business conclusions, and present actionable insight in a way that resonates with business/groups.
Develops analytical solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
Calculates credit, settlement and tenor risk for various financial products (including non-standard/exotic transactions) and ensures resulting risk figures fit within existing limits
Calculates and validates parameters required for modeling underlying risk factors for various financial products (model calibration)
Leads the analysis of risk factors and market data for revisions.
Liaises with trading, line of business, risk oversight and operations to ensure proper deal understanding and to resolve any specific deal-related problems that may arise
Provides assistance, guidance and management in ad-hoc projects within the group.
Provides advice and guidance to assigned business/group on implementation of analytical solutions.
Works with stakeholders to identify the business requirements, understand distinct problems and expected outcomes, and models and frames business scenarios which impact critical business processes and/or decisions.
Works with various data owners to discover and select available data from internal sources and external vendors to fulfill analytical needs.
Applies scripting / programming skills to assemble various types of source data (unstructured, semi-structured, and structured) into well-prepared datasets with multiple levels of granularities (e.g., demographics, customers, products, transactions).
Summarizes statistical findings and draws conclusions, presents actionable business recommendations. Presents findings & recommendations in a simple, clear way to drive action.
Documents data flow, systems and processes in data collection to improve efficiency and apply use cases.
Builds effective relationships with internal/external stakeholders and ensures alignment.
Leads/participates in the design, implementation and management of core business/group processes.
Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
Exercises judgment to identify, diagnose, and solve problems within given rules.
Works independently on a range of complex tasks, which may include unique situations.
Broader work or accountabilities may be assigned as needed.
1+ years of related work experience, preferably in a financial institution.
MSc in a technical field, i.e., statistics, engineering, applied mathematics.
Good understanding and experience with financial risk management methodologies, financial markets and products (including valuation)
Sound theoretical knowledge of stochastic financial modeling (i.e. GBM, Vasicek, CIR).
Ability to meet deadlines and multitask in a fast-paced environment.
Experience with programming languages (e.g. VBA, SQL, Python, Perl)
Experience in statistical analysis, data mining, and data cleansing / transformation.
Technical proficiency gained through education and/or business experience.
Verbal & written communication skills - In-depth. Able to clearly explain technical concepts to a non-technical audience.
Collaboration & team skills - In-depth.
Analytical and problem solving skills - In-depth.
Influence skills - In-depth.
Data driven decision making - In-depth.
We’re here to help
At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.
To find out more visit us at https://jobs.bmo.com/ca/en.
BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.
BMO Financial Group Serving customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $728 billion as of October 31, 2018, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.We serve Canadian clients through BMO Bank of Montreal®, our personal and commercial banking business, BMO Nesbitt Burns®*, one of Canada's leading wealth management firms, and BMO Capital Markets™, our North American investment and corporate banking division.In the United States, clients are served through BMO Harris Bank, a major U.S. Midwest personal and commercial bank, and BMO Private Bank, with wealth management offices across the United States, as well as BMO Capital Markets™, our North American investment and corporate banking division.We help our customers make money make sense by delivering the broadest range of financial services through a single point of contact. Our financial service professionals provide access to any services our customers require across the entire enterprise.